Fiesta Restaurant Group, Inc. Announces Appointment of Interim CEO; Provides Strategic Update

September 28, 2016

Danny Meisenheimer appointed interim CEO and President in place of Tim Taft, who is retiring effective September 30, 2016

Suspends Taco Cabana separation process, and Suspends Pollo Tropical new restaurant development in Texas; Other development to continue.

Danny Meisenheimer

Dallas, TX  (  Fiesta Restaurant Group, Inc. (“Fiesta” or the “Company”) (NASDAQ:FRGI), parent company of the Pollo Tropical® and Taco Cabana® fast casual restaurant brands, announced that its Board of Directors (the “Board”) has appointed Danny Meisenheimer interim CEO and President of the Company. Mr. Tim Taft is retiring as CEO and President, and resigning as a director effective September 30,